Prices for COEs fall

SINGAPORE - Premiums for Certificates of Entitlement (COE) fell across the board in the latest bidding exercise, even as the new smaller quota allocation kicked in. The biggest fall was in Category A, sliding S$7,200 to around S$48,800. Category B COE, which saw its quota allocation shrink the most, went down by S$1,600 to nearly S$71,000. Open category COEs, usually used for cars, fell about S$4,400 to just over S$70,000. Motorcycle COE slipped S$120 to about $1,900. COEs for goods vehicles fell close to S$500 to S$34,000. Around 22,300 COEs will be made available for the six-month period from this month to January 2012. The new quota works out to 3,720 COEs monthly. CNA